The simple classical economic doctrine of comparative advantage – that countries should specialize in producing goods and providing services in which they have a comparative
Category: Act II: Free-Market Folly: Why Economics is not a Science
Corporate Serfdom: The Tyrannical Nature of Corporations
Until relatively recently in our species’ history, human communities were not sufficiently numerous to require rulers and governments. It is only during the past few
The Idol of Profit: The Barbaric Practice of Human Sacrifice
No graven images may be Worshipped, except the currency. Arthur Hugh Clough The Aztecs are generally regarded today as a bloodthirsty people, in large part
Gold, Money, and Invented Currencies
It is generally acknowledged that money has two primary functions: as a medium of exchange and as a store of value. When a form of
Competition Shall Not Set You Free: The Mirage of Competition and Freedom
One of the fundamental dogmas of laissez-faire capitalism is that the presence or absence of competition in any given industry is a sure indicator of
The Three Deadly Sins: The Pseudo-Nobel Economics Prize
Let the lie Have time on its own wings to fly. Arthur Hugh Clough In Christian theology, there are enumerated Seven Deadly Sins: pride, anger,
Homo Stupidus 